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MARKET CHOICE Act

Introduced: July 23, 2018 See on congress.gov
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 Everywhere this bill has been 9 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 16, 2018
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Aug 3, 2018
Referred to the Subcommittee on Energy and Mineral Resources.
Jul 27, 2018
Referred to the Subcommittee on Environment.
Jul 24, 2018
Referred to the Subcommittee on Water Resources and Environment.
Jul 24, 2018
Referred to the Subcommittee on Highways and Transit.
Jul 24, 2018
Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.
Jul 24, 2018
Referred to the Subcommittee on Aviation.
Jul 23, 2018
Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Natural Resources, Education and the Workforce, Transportation and Infrastructure, Science, Space, and Technology, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jul 23, 2018
Introduced in House
 Plain-English summary Congressional Research Service

Modernizing America with Rebuilding to Kickstart the Economy of the Twenty-first Century with a Historic Infrastructure-Centered Expansion Act or the MARKET CHOICE Act

This bill imposes a tax on the greenhouse gas emissions of fossil fuels, certain industrial processes, and certain product uses.

The bill appropriates and transfers specified revenue from the tax to a Rebuilding Infrastructure and Solutions for the Environment Trust Fund established by the bill. Specified amounts in the trust fund shall be available, as provided by appropriations Acts, for the federal Highway Trust Fund, grants to low-income households; and other specified energy, environmental, infrastructure, and research and development priorities.

The bill also

  • eliminates the federal gas tax,
  • imposes a moratorium on finalizing and enforcing certain Clean Air Act regulations on greenhouse gas emissions, and
  • establishes a National Climate Commission to review policies to reduce greenhouse gas emissions.

The moratorium on regulations expires in 2033 if specified emission targets are not reached.

What's happening now August 16, 2018

Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.

 Committees of jurisdiction 14
 Cosponsors 1
All 1 Republican 1